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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Sports & entertainment properties
1611 Adrian Rd Burlingame, CA 94010-2103
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3204411
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1966
Total area
59,400 SF
Lot
2.53 ac (110,115 SF)
Zoning code
ML00M1
APN
025-262-340
UPID
US10-3204411
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Farmers Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.06M
Owner & transaction history
Whipple Group LLC · 12 yrs held
Whipple Group LLC
since 2014
7 recorded transactions
Zoning & alternative use
ML00M1 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,380,000
Current use
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$18 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$113,505
Tax year 2024
Assessed value
$9,636,241
Assessed 2024
Previous assessed
$9,636,241
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$7,833,504
Assessed improvement
$1,802,737
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1966
Heating
NONE
Total area
59,400 SF
Lot
2.53 ac (110,115 SF)
Zoning code
ML00M1
APN
025-262-340
UPID
US10-3204411
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Burlingame, CA
Zoning ML00M1 · permitted uses
ML00M1 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.4M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Lot
2.53 ac
Current owner
From public records · entity-resolved
Whipple Group LLC
Entity
Mailing address
107 LUNADO WAY, SAN FRANCISCO, CA 94127-2854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2020
—
Whipple Group LLC
—
Deed
related
$4,925,000 · East West Bank
Apr 1, 2014
$8,018,000
Whipple Group LLC
Joey Lo
Grant Deed
$4,500,000 · East West Bank
Dec 18, 2008
—
Joey Lo
—
Deed Of Trust
related
$4,000,000 · Cathay Bank
Jun 1, 2004
—
Joey Lo
—
Deed Of Trust
related
$1,000,000 · Cathay Bank
Jan 6, 2004
$5,206,400
Joey Lo
Renault & Handley Oakmead Sola
Grant Deed
$3,600,000 · Far East National Bank
Nov 10, 1993
$2,350,000
Renault Solar
Collins,n.
Grant Deed
—
Oct 1, 1993
—
Nancy Collins
Calif Province O
Grant Deed
$1,480,000 · Calif Province Soc
—
—
Joey Lo
—
Deed Of Trust
related
$1,522,880 · Cathay Bank
—
—
Joey Lo
—
Deed Of Trust
related
$1,602,880 · Cathay Bank
—
—
Joey Lo
—
Deed Of Trust
related
$3,500,000 · Cathay Bank
—
—
Joey Lo
—
Deed Of Trust
related
$5,000,000 · Cathay Bank
—
—
Joey Lo
—
Deed Of Trust
related
$1,000,000 · Cathay Bank
—
—
Joey Lo
—
Deed Of Trust
related
$1,000,000 · Cathay Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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